What is a security deposit? and what does a security deposit cover?

When it comes to property and the financial matters related to it, there’s a certain unavoidable complexity we all want to stay away from, but we just can’t. Security deposits are the essential element of tenancy. A security deposit is not exactly an advance payment for the damages that could occur during the period of […]

What is a basement suite and how does this different from renting a room?

A basement suite is building particularly an apartment which is located underneath or below the ground level. People living in basement apartment usually face many abnormalities and deficiencies. Basements are usually consider cramped and noisy due to traffic and building noises as well. In some areas underground residence is prohibited but the owner of the […]

What is a Rental / Lease Agreement?

A Rental agreement or a Lease agreement is an important legal document that must be completed and checked before a landlord rents out a property. In simple words, it is an agreement that acts as a contract between a landlord and the tenant; it shows that the landlord has given the tenant permission to occupy […]